-Refer to Exhibit 34-2.The U.S.demand and supply for a good are shown.Under a policy of free trade,the world price is PW.If there is a policy change such that imports are prohibited,the price becomes PN, U.S.consumers are worse off if imports are __________; specifically,their consumers' surplus changes by area __________.
Definitions:
McLuhan
Marshall McLuhan, a media theorist known for coining the expressions "the medium is the message" and "global village," focusing on how media affects societal structures and individual perceptions.
Medium
In sociological contexts, refers to a channel of communication that influences or facilitates social interaction or the dissemination of information.
Technology Analyses
The systematic evaluation of the technical aspects, applications, implications, and impacts of technology in society.
Digital Sociality
A social landscape in which new communication technologies are promoting human interaction and contact.
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